People's Bank of China - Measures for the Administration of Online Payment Services by Non-Bank Payment Institutions

The People's Bank of China's (PBC) Measures for the Administration of Online Payment Services by Non-Bank Payment Institutions seeks to supplement its Order No. 2 of 2010 - Regulation on Payment Services by Non-Bank Financial Institutions. The measures aim to prevent payment risks and protect the involved parties' lawful rights and interests by regulating the online payment business of non-banking payment institutions. The measures are divided into several chapters, and cover the following topics:

1. Client Management
2. Business Management
3. Risk Management and Protection of Customer Rights and Interests
4. Supervision and Management
5. Legal Liability

Document Details

Document Type: 
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Year of Document: 
2016
Date of Document: 
Friday, July 1, 2016
Document Authors: 
People's Bank of China
Language (This Document): 
Chinese, Traditional

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